FLQM vs SPGP: Differences, Returns & Fees
FLQM and SPGP hold 21% of their weight in the same names. Net assets on Oct 20, 2026: $1.5bn for Franklin U.S. Mid Cap Multifactor Index ETF and $2.1bn for Invesco S&P 500 GARP ETF.
FLQM costs 0.04 points a year less; their one-year returns differ by 0.3 points; SPGP is 1.4 times larger.
| FLQM | SPGP | |
|---|---|---|
| Expense ratio | 0.30% | 0.34% |
| Net assets | $1.5bn | $2.1bn |
| Total return, 1 year | +10.3% | +10.0% |
| What it tracks | not read by ETFIQ | S&P 500 GARP Index |
| Holdings in common | 21% | |
| Top ten holdings, share of the fund | 11.3% | 20.4% |
| Below its high | 4.0%, high on Aug 13, 2026 | |
Holdings in common uses holdings dated Jun 30, 2026 and Oct 19, 2026.
What they hold in common
By the books each fund has filed, FLQM and SPGP hold 21% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Oct 19, 2026.
half
21% in common
On the same fields
FLQM and SPGP on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.
About FLQM
FLQM tracks an index. Over the year to Oct 20, 2026 it returned +10.3% with distributions reinvested. The prospectus expense ratio is 0.30% a year. By its holdings filed for Jun 30, 2026, 68% of the fund by weight is stocks the S&P 500 also holds, across 205 positions, with the top ten at 11.3%.
About SPGP
SPGP tracks an index. Over the year to Oct 20, 2026 it returned +10.0% with distributions reinvested, against +15.9% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.34% a year. By its holdings published by its issuer for Oct 19, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 76 positions, with the top ten at 20.4%. It sat 4.0% below its high of Aug 13, 2026 on Oct 20, 2026.
Questions people ask
- Which returned more over the last year, FLQM or SPGP?
- In the year to Oct 20, 2026, with distributions reinvested, FLQM returned +10.3% and SPGP +10.0%.
- Which is cheaper, FLQM or SPGP?
- FLQM is cheaper, by 0.04 percentage points a year. That is about $4 on $10,000 held for a year. Fees come from each fund's prospectus.
ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, FLQM against SPGP, data as of Oct 20, 2026. https://etfiq.com/compare/any/flqm-vs-spgp
ETFIQ. (Oct 20, 2026). FLQM against SPGP. Retrieved from https://etfiq.com/compare/any/flqm-vs-spgp
[FLQM against SPGP (ETFIQ, Oct 20, 2026)](https://etfiq.com/compare/any/flqm-vs-spgp)
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